Memorandum Regarding Change in
Insurance Provider

Memorandum Regarding Change in Insurance Provider :

This Memorandum should be typed in the official letter-head of the company.

TO :

FROM :

DATE :

SUBJECT : Change in Insurance Provider

Because of our growing concern about the stability of Fortune Life Insurance Company
and the rising costs of coverage, we have made arrangements to place our insurance
with a new organization, Benegal Mutual Benefit. You should benefit two ways from this
change:

The monthly premiums for the dependents you now carry should be an average
of five percent lower and the deductibles will be Rs.12 000 per family rather than the
current Rs.20 000.

There will be no requirements for health exams; all who are now covered will be
eligible for coverage under this new arrangement.

We will be mailing each of you a brochure those overviews the program and answers
most questions about coverage. Of course, as with any change, there will be questions
about atypical situations. For those questions or situations not addressed in the
brochure, please call Heena Doshi at ext. 3469. She is well-versed in the insurance field
and will be happy to talk with you about your unique situation.

Although many organizations around the nation are now asking their employees to share
in assuming the cost of health insurance, we are happy to continue to provide this
coverage at no cost to you. We care about your peace of mind.